Anesthesia Devices Market

The global anesthesia devices market size was USD 15.88 Bn in 2022 and is likely to reach USD 35.86 Bn by 2031, expanding at a CAGR of 10.10% during 2023-2031. The market growth is attributed to the increasing use of anesthetic devices in surgical procedures.

One of the most important aspects of any surgical operation is anesthesia. Temporary unconsciousness and the lack of defensive reflexes are caused by anesthesia. General anesthetics block the central nervous system and cause a total loss of feeling. During a surgical procedure, anesthetic devices are used to provide anesthetic drugs and monitor a patient's response to anesthesia.

The use of anesthesia devices is determined by the type of operation being performed. These devices aid the anesthetist in delivering, controlling, and monitoring anesthetic doses. During surgical operations, anesthesia devices are used to manage pain, respiration, blood pressure, blood flow, and heart rate and rhythm. Anesthesia can lead to analgesia (pain reduction or prevention), muscle relaxation, loss of memory, or unconsciousness.

The market report finds that the COVID-19 pandemic has negatively impacted the market, owing to the strict lockdowns and restrictions imposed by the government. The government made strict regulations regarding surgical procedures that are performed in hospitals. To avoid the risk of infection to the doctors and medical staff, the hospitals decided to perform electrical surgical procedures.

Anesthesia Devices Market Dynamics

The global anesthesia devices market report has up-to-date insights that help in formulating a strategic roadmap about the estimated market scenario and performance during 2023 to 2031.

What are the Drivers of the Anesthesia Devices Market?

Increasing Number of Surgeries

The number of surgeries is increasing, due to the rising accidents which are expected to drive the market during the forecast period. The demand for anesthesia from hospitals and clinics is a major factor that is expected to propel the growth of the market. The growing geriatric population is highly inclined to injuries and chronic diseases that require surgeries and therapeutics. Emerging countries such as US and Brazil have given numerous chronic diseases which have helped to boost the growth of the market.

What Restraints the Anesthesia Devices Market?

Rising Number of Product Returns

Rising number of product returns or exchanges, owing to death or some serious injuries is impeding the market. Human body reactions in the form of insomnia, dizziness, and others to chemically formulated medicines may restrain the market.

What are the Opportunities in the Anesthesia Devices Market?

Increasing Investments in R&D

Increasing investments in research & development (R&D) by the healthcare sector is expected to create lucrative growth opportunities in the market in the coming years. Growing technological advancements in anesthesia machines and techniques are anticipated to fuel market growth.

Scope of Anesthesia Devices Market Report

The global anesthesia devices market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Anesthesia Devices Market Segment Insights

What are the Main Aspects for Boosting the Anesthesia Machines Segment?

Based on type, the market is segmented into anesthesia machines and disposables & accessories. The anesthesia machines segment is further divided into anesthesia workstations, anesthesia delivery machines, anesthesia ventilators, and anesthesia monitors. The disposable & accessories segment is classified as anesthesia circuits (breathing circuits), anesthesia masks, endotracheal tubes (ETTs), laryngeal mask airways (LMAs), and others.

The anesthesia delivery machines sub-segment is segregated into portable and standalone. The anesthesia monitors sub-segment is expected to account for a key market share during the forecast period owing to the introduction of new monitoring techniques, such as monitoring the depth of anesthesia, goal-directed fluid therapy, advanced neurological monitoring, improved alarm systems, and technological advancements in objective pain assessment. Anesthesia monitors are used to tracking and show the distribution of anesthetic chemicals in the body. During surgery, they are utilized to monitor the patient's health and response to the anesthetic indication.

What are the Major Reasons for Rising Sales in Orthopedics Segment?

On the basis of application, the market is segregated into dental, urology, cardiology, orthopedics, neurology, ophthalmology, and others. The orthopedics segment is projected to register a considerable CAGR during the forecast period, owing to the prevalence of orthopedic disorders, the increasing geriatric population, and rising awareness among people for orthopedics surgeries, which is expected to boost the growth of the market. Orthopedic surgery focuses on the skeletal system and its interconnecting parts such as muscles, bones, tendons, joints, nerves, and ligaments.

Which Major Factors Influence the Significant Growth of the Hospital Segment?

Based on end-user, the anesthesia devices market is segmented into clinics, hospitals, and ambulatory surgical centers. The hospital segment is expected to register a robust growth rate during the forecast period, owing to the advanced technological devices. The various setup that is provided by hospitals with well-equipped and other accessory facilities for the patients.

Why is North America Dominating the Global Anesthesia Devices Market?

In terms of regions, the anesthesia devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period.

In this region, the US is expected to hold a large market share due to the rising number of operations, both open and minimally invasive, which has been attributed to the rising number of illnesses such as obesity, cardiovascular issues, and various forms of malignancies. The increasing number of minimally invasive surgeries due to the rising prevalence of chronic diseases is anticipated to boost the growth of the anesthesia devices market in the region.

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Segments

The global anesthesia devices market has been segmented on the basis of

Type

• Anesthesia Machines

• Anesthesia Workstation
• Anesthesia Delivery Machines

• Portable
• Standalone

• Anesthesia Ventilators
• Anesthesia Monitors

• Disposables & Accessories

• Anesthesia Circuits
• Anesthesia Masks
• Endotracheal Tubes
• Laryngeal Mask Airways
• Others

Application

• Dental
• Urology
• Cardiology
• Orthopedics
• Neurology
• Ophthalmology
• Others

End-user

• Clinics
• Hospitals
• Ambulatory Surgical Centers

Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• B. Braun SE
• Medtronic
• Drägerwerk AG & Co. KGaA
• Koninklijke Philips N.V.
• Fisher & Paykel Healthcare Limited.
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• ORICARE Inc.
• Getinge AB.
• Heyer Medical AG
• 3M
• Cardinal Health

Competitive Landscape

Key players competing in the market are B. Braun SE; Medtronic; Drägerwerk AG & Co. KGaA; Koninklijke Philips N.V.; Fisher & Paykel Healthcare Limited.; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; ORICARE Inc.; Getinge AB.; Heyer Medical AG; 3M; and Cardinal Health.  

These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.

• In October 2020, Mindray introduced new A9 and A8 anesthesia systems, that are available in Europe and other selected regions. This new system feature start-of-the-art technologies that address the need of clinicians during the entire perioperative period, stable and safe anesthesia to patients, allowing them to administer accurately, reducing workload, minimizing the risks of human error, and lowering the environmental impact from the operating room.